Dubai developer's townhouse project in Mudon sold out

Dubai Properties, the real estate arm of Dubai Holding, has sold out all the units released during the Saturday's launch of Arabella Townhouses, a project within Mudon community, a company spokesperson told Emirates 24|7.

"We sold out all units launched today and additional units were released for sale due to strong demand," the official said.

Over 100 units were released on Saturday, the launch date, with this website reporting that people had queued up outside the company’s sales office much prior to the launch.

Prices start at Dh1.5 million, with payment plan of 10 per cent on booking, five per cent every six months and 70 per on handover, sources said. The project is slated for completion in 2018.

The new townhouses - three- and four-bedroom units, ranging from 1,984 to 2,603 square feet - will be positioned close to the Mudon Central Park, making it an ideal community for families, the developer said.

Plans for a 64,000 square feet community centre are currently underway for Mudon and will include a swimming pool, gym and a mix of retail outlets, the developer said, adding a school will open by September 2016.